NEWS

Examiner quoted EnCana CEO Randy Eresman:EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as...

Examiner quoted EnCana CEO Randy Eresman:EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as...

EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as $1.90/MMBTU in Apr-2012. Write-offs by other companies include:

BG decreased the value of its US shale gas operations by $1.3 billion.

Exco Resources reported a $276 million write-off on its assets.

BHP wrote off ~$2.5 billion on the shale gas assets it acquired from Chesapeake for $4.75 billion.

EnCana has written off more than $1.7 billion on the shale gas assets on its books. The company expects additional write-offs in the near future. One of the main reasons for the write-offs is the current weak gas prices of $3.08/MMBTU, a price which dipped as low as $1.90/MMBTU in Apr-2012. Write-offs by other companies include:

BG decreased the value of its US shale gas operations by $1.3 billion.

Exco Resources reported a $276 million write-off on its assets.

BHP wrote off ~$2.5 billion on the shale gas assets it acquired from Chesapeake for $4.75 billion.

Reuters reports, citing Chinese ministry sourcesChina will exclude foreign firms from bidding in its second tender for shale gas blocksChina awarded two out of four blocks offered in its first shale gas tender in Jun-2011 to Sinopec and a local gas companyGovernment has identified 17 firms to bid for 20...

Reuters reports, citing Chinese ministry sourcesChina will exclude foreign firms from bidding in its second tender for shale gas blocksChina awarded two out of four blocks offered in its first shale gas tender in Jun-2011 to Sinopec and a local gas companyGovernment has identified 17 firms to bid for 20...

Nexen completed the sale of 40% interest in its north-east British Columbia Shale gas assets to a consortium, led by Inpex, for C$700 million ($674.92 million).View Nexen press releaseAsset Highlights:300,480 acres split over Horn River, Cordova and Liard BasinsProduction of 50 MMcf/d and expected peak...

Nexen completed the sale of 40% interest in its north-east British Columbia Shale gas assets to a consortium, led by Inpex, for C$700 million ($674.92 million).View Nexen press releaseAsset Highlights:300,480 acres split over Horn River, Cordova and Liard BasinsProduction of 50 MMcf/d and expected peak...